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30 Mar 2015
AUD/USD finds support at 0.7630
FXStreet (San Francisco) - Following a 70 pips decline from 0.7700 in the American morning, The AUD/USD seems to have found some kind of support at 0.7630 as the pair is now trading sideways around 0.7645.
Currently, AUD/USD is trading at 0.7645, down 1.36% on the day, having posted a daily high at 0.7749 and low at 0.7633. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/USD forecast
The "AUD/USD is heading to fresh year lows;" the FXStreet forecast Poll says. "With a rate cut around the corner, investors are betting on an additional declines in the Aussie, eyeing 0.7500."
In addition, Neal Gilbert from Forex.com affirms that "the slowdown in China could have an out-sized effect on this currency in the near future."
Australian Dollar to US Dollar levels
If the pair extends decline below 0.7630, it will find supports at 0.7610 and 0.7590. To the upside, resistances are at 0.7700, 0.7740 and 0.7765.
Currently, AUD/USD is trading at 0.7645, down 1.36% on the day, having posted a daily high at 0.7749 and low at 0.7633. The FXStreet OB/OS Index is reflecting oversold hourly conditions, while the FXStreet Trend Index is slightly bearish.
AUD/USD forecast
The "AUD/USD is heading to fresh year lows;" the FXStreet forecast Poll says. "With a rate cut around the corner, investors are betting on an additional declines in the Aussie, eyeing 0.7500."
In addition, Neal Gilbert from Forex.com affirms that "the slowdown in China could have an out-sized effect on this currency in the near future."
Australian Dollar to US Dollar levels
If the pair extends decline below 0.7630, it will find supports at 0.7610 and 0.7590. To the upside, resistances are at 0.7700, 0.7740 and 0.7765.